Additional Requirements of Admission to Company. No Transfer of an Interest shall be effective or valid and no Person shall be admitted as a Member if such Transfer or admission would have the effect of causing the Company to be re-classified for Federal income tax purposes as an association (taxable as a corporation under the Code), or would violate any Healthcare Law (or any rule or regulation thereunder), or would not meet applicable exemptions from securities registration and securities disclosure requirements provided under Federal and state securities laws.
Appears in 5 contracts
Samples: Operating Agreement (Viking Energy Group, Inc.), Operating Agreement (Viking Energy Group, Inc.), Operating Agreement (Viking Energy Group, Inc.)
